Bondlady’s Corner

Iraqi News Highlights Wednesday Evening 2-7-23

Tlm724 Administrator Bondlady’s Corner

The President Of The Republic: We Support The Measures Of The Council Of Ministers And The Central Bank To Raise The Exchange Rate Of The Dinar

Economie| 01:11 – 08/02/2023  Baghdad – Mawazine News, President of the Republic, Abdul Latif Rashid, confirmed today, Wednesday, his support for measures to raise the exchange rate of the dinar.

Finance Directs Government Banks To Adopt The New Exchange Rate

Economie| 03:57 – 08/02/2023  Baghdad – Mawazine News  Today, Wednesday, the Ministry of Finance directed government banks to adopt the new exchange rate.

A statement of the ministry, a copy of which Mawazine News received, stated that “in implementation of the decisions of the cabinet meeting regarding the adoption of the foreign currency exchange rate (dollar) and with vigorous follow-up by the Minister of Finance, Taif Sami Muhammad, the Ministry of Finance directed today, Wednesday, the Rafidain and Rasheed banks to adopt the new exchange rate for the dollar.” against the Iraqi dinar.

‏The statement added that “the Rafidain Al-Rasheed bankers initiated procedures for selling the dollar at the outlets of Baghdad International Airport at a price of (1320) dinars per dollar, in order to enhance the value of the local currency against the dollar by facilitating procedures and achieving stability in exchange rates,” noting that “this procedure comes to alleviate the burden of the citizen and in line with the plan of the government, the Ministry of Finance and the Central Bank to reduce the exchange rate as follows: (1300) dinars per dollar the price of purchasing dollars from the Ministry of Finance and (1310) dinars per dollar the price of selling dollars to banks through the electronic platform and (1320) One dinar per dollar is the selling price of the dollar from banks and non-bank financial institutions to the final beneficiary.

And he continued, “This step falls within the framework of the executive plans for the ministry’s curriculum and its drawn policy towards developing the banking and financial sector in Iraq.” Ended 29/M99

In The Document.. A Circular From The Central Bank Approving The New Exchange Rate For The Dollar

Economie| 10:25 – 08/02/2023  Baghdad – Mawazine News  The Central Bank of Iraq sent an official circular to banks, exchange and electronic payment companies, approving the new exchange rate for the dollar.


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